This summary was created by AI, based on 1 opinions in the last 12 months.
Sterling Infrastructure (STRL-Q) has seen a remarkable 144% increase in its stock value so far this year, with potential for further growth if government infrastructure spending reaches companies. Earnings have more than tripled from 2019 to 2022, and a recent quarter report showed a 32% surge in shares. The company exceeded revenue and earnings expectations, and raised guidance across all segments. With strong backlogs and demand for data centers, the company's future looks promising. It currently trades at a reasonable PE ratio.
Up 144% so far this year and could do better if Washington's infrastructure money flows down to companies. From 2019 to 2022, earnings more than tripled. They just reported a great quarter last week that sent shares 32% higher last week. Had a huge revenue beat and earnings beat with a much-higher than expected backlog. Also raised guidance across the board. All their segments are on fire, enjoying backlogs like building data centres as data demand surges over the long term. Trades at a reasonable PE.
Sterling Infrastructure is a American stock, trading under the symbol STRL-Q on the NASDAQ (STRL). It is usually referred to as NASDAQ:STRL or STRL-Q
In the last year, 1 stock analyst published opinions about STRL-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Sterling Infrastructure.
Sterling Infrastructure was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Sterling Infrastructure.
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In the last year, there was no coverage of Sterling Infrastructure published on Stockchase.
On 2024-10-04, Sterling Infrastructure (STRL-Q) stock closed at a price of $148.05.
Infrastructure plays working as a result of Federal spending. Would recommend buying.